Former Zillow Execs Target $1.3T Market

One co-founded Zillow. The other sold his company to Zillow for $120M. Now they're transforming a $1.3T market via co-ownership. Pacaso's already earned $110M+ in gross profit and reserved the Nasdaq ticker PCSO.

Buffett Says No Other Americans Would Have Had To Pay Even A Dime In Federal Taxes If This Had Happened

Shanthi Rexaline
May 04, 2024

While explaining why Berkshire Hathaway trimmed its Apple position at the annual shareholder meeting on Saturday, Warren Buffett made a comment that drew huge applause from the audience.

The investment guru noted that Berkshire pays taxes at a 21% federal tax rate on the capital gains it earns on its Apple investment. The tax rate was at 35% not long ago and a steeper 52% in the past, he said.

“The federal government owns a part of the earnings of the business we make. They don’t own the assets, but they own a percentage of the earnings and they can change that percentage any year,” he said.

“I would say with the present fiscal policies, I think that something has to give,” he said.

The U.S. government is operating with a huge fiscal deficit and is burdened by a heavy debt load.

With this in mind, Buffett said higher taxes are quite likely.

“They may decide that someday they don’t want the fiscal deficit to be this large because that has some important consequences and they may not want to decrease spending a lot,” he said.

Buffett stated that Berkshire pays substantial federal income taxes, emphasizing that it is appropriate for a company in a country as generous to business owners as the United States to fulfill its tax obligations.

He noted that Berkshire sent over $5 billion to the U.S. federal government in taxes last year.

“If 800 other companies had done the same thing no other person in the United States would have had to pay a dime of federal taxes, whether income taxes, no social security taxes, no estate taxes.”

Read Next: Wanna Save ‘Real Money?’ Buffett Has 2 Pieces Of Advice For Cash-Strapped Consumers

Photo: Shutterstock

Continue Reading...

Popular

Mark Cuban Reacts to Elon Musk-Donald Trump Feud

The escalating public feud between Elon Musk and President Trump has prompted a response from Mark Cuban.

"Work Is the New Retirement"-Don't Let That Be You - Ad

Social Security's failing. Inflation's rising. And retirees are being forced back to work. That's why I created a new strategy: "AI Royalties." Backed by Trump's $500B plan, it's helping Americans collect up to $4,290/month in second retirement income. My short video explains how.

How To Earn $500 A Month From Broadcom Stock Ahead Of Q2 Earnings

Broadcom offers an annual dividend yield of 0.90% ($2.36 a year). To figure out how to earn $500 monthly, here's what you do.

A Better Hedge Than Gold? - Ad

While the whole world is piling into gold as a hedge... White House documents reveal Trump is betting big on a completely under-the-radar resource. This little-known resource is minting 1,600 millionaires every single day... And investors have a rare opportunity to take advantage before everyone else catches on.

Embed-Chart-China-Critical Minerals, ADVISORY

CHINA-CRITICAL MINERALS — Chart. This AP digital embed chart shows the share of several critical minerals dominated by China in global supply chains. China has spent decades building the world’s main industrial chain for mining and processing such materials, which are used in many industries such as electronics, advanced manufacturing, defense and health care. This chart is current as of June 10, 2025, and will not update. Source: IEA.

How To Build a Home in Nearly 4 Hours - Ad

The U.S. is short 2.3M homes, making affordable, efficient housing critical. BOXABL brought assembly lines to construction, building homes in hours, not months. With 700+ built and one of America's largest homebuilders as an investor and partner, they're growing fast.

White House Unveils New Portrait Of President Donald Trump Amid Criticism Over Self-Promotion

The White House released a new portrait of Donald Trump, sparking debate over the use of official imagery for political purposes.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

Elon Musk Flexes SpaceX Advantage In Feud With Trump: 'We Have Got The Spaceships And They Do Not' — Gets Support From This Republican

Elon Musk's comments on forming a new political party amid his feud with President Trump have sparked a response from Rep. Thomas Massie, who expressed support for the idea by saying, "Count me in."

Takeaways from AP's report on the business interests of Trump's surgeon general pick

PROVIDENCE, R.I. (AP) — President Donald Trump’s pick to be U.S. surgeon general has repeatedly said the nation’s medical and food systems are corrupted by special interests and people out to make a profit at the expense of Americans’ health. Yet as has criticized scientists, medical schools and regulators for taking money from the food and pharmaceutical industries, she has promoted dozens of products in ways that put money in her own pocket.

Gold Just Hit Another Record. This Junior Could Be Next. - Ad

This copper junior was the smallest company invited to a top global mining conference. With nearly 1B pounds CuEq and 50,000m of funded drilling, this story won't stay quiet for long.

Japanese court rejects damage claims against utility executives over Fukushima disaster

TOKYO (AP) — A Japanese court ruled former executives at the utility managing the tsunami-wrecked nuclear power plant were not accountable for the 2011 meltdown crisis and do not need to pay damages to the company.

Tesla Stock Tumbles Nearly 3% In Pre-Market As Elon Musk Continues Intense Attack On Trump's 'Big, Beautiful Bill'

The ongoing public feud between Elon Musk and President Donald Trump has taken a toll on Tesla Inc (NASDAQ: TSLA) stock, which slumped following Musk's latest criticisms. On Thursday, the stock fell 1.8% during pre-market session.

Why BlackRock is Hoarding 6X More Bitcoin Than Miners Produce - Ad

A Bitcoin supply shock is building. Institutions and ETFs are buying faster than miners can keep up - creating a shortage most investors haven't noticed. If Bitcoin hits $300K, altcoins could explode 1,000%+. We wrote Crypto Revolution to help you prepare.

Jim Cramer Likes Dominion Energy, But Isn't 'A Fan' Of This Real Estate Stock

On CNBC's "Mad Money Lightning Round," Jim Cramer said he likes Dominion Energy, Inc. "It's fine. For a while, I was worried..."

Walmart Shoppers See Sharp Price Hikes as Tariffs Hit Shelves

Walmart employees and shoppers now report price hikes hitting the shelves and their wallets. 

Trump's $500B Plan Is Fueling These Monthly Dividends - Ad

Just 24 hours after Trump returned to office, he signed a secretive document tied to a $500 billion income loophole. It's now fueling monthly payouts like $1,125... $1,792... even $4,290 - regardless of market direction. No stock picking. No timing. Just steady, automatic income.

Senate Republicans revise ban on state AI regulations in bid to preserve controversial provision

WASHINGTON (AP) — Senate Republicans have made changes to their party's sweeping tax bill in hopes of preserving a new policy that would prevent states from regulating artificial intelligence for a decade.

The Father-Son Duo Revolutionizing Homebuilding - Ad

Paolo and Galiano Tiramani founded BOXABL with a disruptive idea: bring factory efficiency to homebuilding. Today, new homes can roll off their assembly lines in ~4 hours - with 700+ built already. Now, they're prepping for Phase 2, combining modules into larger homes and apartments.

ETFs This Week: Tesla Turmoil, Silver Surge, And A Jobs-Driven Market Rally Drove These 5 ETFs To Outperform

Stocks surged as U.S. jobs report boosted major indexes to multi-month highs. Silver, critical materials, gold, and Bitcoin miners ETFs performed well.

Which compact pickup is better? Edmunds compares the Ford Maverick and Hyundai Santa Cruz

If you wanted a midsize truck 10 years ago, your choices included an aging Toyota Tacoma or an even older Nissan Frontier design. Today, renewed versions of the Chevrolet Colorado, Ford Ranger and Honda Ridgeline have revitalized the segment enough to have spawned a new compact pickup class, led by the and .

How high will Bitcoin go in 2025? - Ad

A new coin is emerging in the crypto bull market. Investing now could be like buying Bitcoin in 2013. Before it took off. Or scooping up Ethereum in 2017.. before it soared.

22 crew members safe after fire aboard cargo ship carrying electric vehicles off Alaska

ANCHORAGE, Alaska (AP) — The crew of a cargo ship carrying 3,000 vehicles to Mexico, including 800 electric vehicles, abandoned ship after they could not control a fire in waters off Alaska's Aleutian island chain.

Europe's central bank expected to lower interest rates as Trump's trade war threatens growth

FRANKFURT, Germany (AP) — Lower inflation and concern that will slow already modest growth have cleared the way for the European Central Bank to cut interest rates at Thursday's policy meeting, a step that would lower borrowing costs for consumers and businesses and promote economic activity.

Former Zillow Execs Target $1.3T Market - Ad

One co-founded Zillow. The other sold his company to Zillow for $120M. Now they're transforming a $1.3T market via co-ownership. Pacaso's already earned $110M+ in gross profit and reserved the Nasdaq ticker PCSO.

Film festival showcases what artificial intelligence can do on the big screen

NEW YORK (AP) — 's use in movie making is exploding. And a young film festival, now in its junior year, is showcasing what this technology can do on screen today.

Ericsson, Supermicro Partner To Bring 5G-Powered AI To Factories, Retail And Hospitals

Ericsson and Super Micro announce strategic collaboration to accelerate Edge AI deployment. Super Micro stock down 45%, Ericsson up 38% in past year.

"Work Is the New Retirement"-Don't Let That Be You - Ad

Social Security's failing. Inflation's rising. And retirees are being forced back to work. That's why I created a new strategy: "AI Royalties." Backed by Trump's $500B plan, it's helping Americans collect up to $4,290/month in second retirement income. My short video explains how.

Leonard Lauder, philanthropist who globalized family cosmetic business, dies at age 92

NEW YORK (AP) — Leonard Lauder, a renowned philanthropist who expanded the family cosmetics business into a worldwide empire, has died at the age of 92.

A Better Hedge Than Gold? - Ad

While the whole world is piling into gold as a hedge... White House documents reveal Trump is betting big on a completely under-the-radar resource. This little-known resource is minting 1,600 millionaires every single day... And investors have a rare opportunity to take advantage before everyone else catches on.

Tesla Cybertruck Caught Driving In Wrong Lane On FSD—Just Days Before Robotaxi Launch

Tesla's FSD technology under scrutiny again as new video shows Cybertruck driving in wrong lane raising concerns for Robotaxi launch.

Elon Musk Recently Said 'Yes' To Impeaching Trump And The Odds Of That Happening In 2025 Rose On This Crypto Betting Market

The odds that President Donald Trump would be impeached this year saw a spike on Polymarket after tech mogul Elon Musk backed a call to remove him from office. 

How To Build a Home in Nearly 4 Hours - Ad

The U.S. is short 2.3M homes, making affordable, efficient housing critical. BOXABL brought assembly lines to construction, building homes in hours, not months. With 700+ built and one of America's largest homebuilders as an investor and partner, they're growing fast.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service